House Prices Knowledge Base
House prices? Will house prices keep going up or will they crash as some predict
house prices? we are in the process of looking for a house to buy, do you think that house prices will come down eventually? house prices in the uk
House Prices? Is it better for the economy if house prices go up or down? Just a thought as heard a debate on the radio this afternoon. Very mixed answers.
New England house prices? Is there ever really a good time to buy? I live in New Hampshire and I have been looking into buying a house. It seems to me that when house prices are low, interest rates are high, and when interest rates are low, house prices are high. Is there really a better time to buy a house compared to other times? Someone I know said we should wait because houses are not appreciating very well in the area right now, but, is this true? And is it better to continue renting? The prices in the area are outrageous at best, and I can't believe that there is ever going to be a time when they are going to be lower. It seems to me that if appreciation continues at any rate, that ordinary people wont be able to afford a house at all. $200,000 plus for a small place seems crazy. Any input on this?
The idea that house prices have started to rise is an outright lie, right? I just don't believe it. We are still in a recession and pretty much always house prices decline gradually over a period of three or four years after the recession starts. Its an 18 year cycle of 14 years of growth/stability followed by 4 years of decline. So Wouldn't recommend buying a house to anyone right now, house prices will fall further and the idea that there is a housing shortage is blown out of proportion entirely. Theres 850,000 vacant households in england alone.
Are house prices going to drop in Canada? I've recently bought a house which will be done by October of 2012, and I was planning on selling mine and moving into the new one. But i've heard of rumors that house prices will drop by 20%. Im from Brampton, Ontario to be specific. Im worried that I might not get any profit from selling the house, or even losing some money. Is this true? And if it is, when will it happen?
hyperthetically what would happen if house prices suddenly fallen? House price at the moment are very high in uk, but if they had suddenly fallen what would be the options for the house owners? What would also happen to people who are currently just buying houses one after the other. What are there options, is there do you think any effidence of house prices falling in the near future.
When average house prices are lower, are mortgate interest rates likely to be normally higher or lower? I'm trying to find out whether or not mortgage interest rates are normally higher when house prices are low. When for instance, house prices were low in the 1970's (UK), were mortgate interest rates far higher, slightly higher, the same or even lower compared to today? Although of course there are many different conditions that effect mortgate rates, but generally would they be more likely to rise when house prices fall?
How long can house prices rise for? For instance in my town (Witney Oxon) the house prices continue to rise even theough the average salary is too low to rent let alone buy a house. Also people are being made redundant in manufacturing and there is no new work for them.. Is it just a matter of time before we have a crash? I am also worried about oil prices, and inflaton on the economy. then there is the fact we are loosing so many jobs to abroad as labour is cheaper. I do think we are heading for a small recession and with it lower house prices, but that is my opinion. We should tax second homes a lot IMO. As wealthy people buying them means normal working class people cannot find a house to buy. I also don't see why I should move away from the area I was brought up just so I can afford a house when the lazy cavs and immigrants get homes from the government. I live in the UK by the way and yes I have had a good eduction... It is just where i live it is expensive as people buy houses here as it is a country type area but is an easy commute to london.
When will the house prices go down in California? I live in southern California and the house prices are insane. In my city the average home is about $550,000-$650,000 That is for a older home with about 1500 sqaure feet and without a large backyard. I wanted to buy another home, or sell my home and buy another one, but at these prices I will be paying too much for a loan. Will the prices go down or level off? Isn't this how the market works? High prices then low?
How Long Until House Prices Increase in the UK? Im looking to Relocate to another country, however, b/c of the current Housing situation, I cant get what I want for my house at this time to move and live in another country with confidence, knowing I will have the money to support myself. Im asking for people who are in the know, how long until house prices Re-bound?
Why does refinancing become difficult when house prices fall? From what I gather, if your current home value is lower than your outstanding loan, you're in trouble. And why do people default and foreclose on their homes when house prices fall? Could someone elaborate on this? I can't seem to comprehend it. Thanks!
What will house prices do in Calgary, AB? I need to buy a house early next year. I am looking for predictions about the house prices in Calgary. Do you think they will fall? rise more? or stay about the same?
What do financial people think will happen to house prices? We are thinking of cashing in our savings including ISAs to buy a second home, due to the dreadful savings rates. We would use the second home as a holiday home, would not want to rent it out. Would this be a good financial option, or do you think house prices will continue to fall for the foreseeable future
Will house prices drop after the Olympics? My husband and I are planning on buying our first house. We live in Vancouver and we are wondering if it's smart to wait after the winter Olympics which will take place February of 2010 to buy. We've been hearing that in the past, real estate prices drop after Olympics. Is this true?
Where are the best house prices in the USA? Not just the cheapest, but the best houses for the money, with the biggest lots, the most square feet of living space in the houses, the highest quality construction, the lowest taxes, etc., for the rock bottom lowest prices? And why are such good houses so cheap there? Can you give some examples (maybe the address of a house for sale) of houses in that area that are examples of bargain houses where you get the best and most house for the least money?
How far will house prices fall ? I remember the last recession in the late 80's / 90's where house prices fell by up to 30%. How far will house prices fall this time?
How come house prices are so expensive in uk? How come house prices are so expensive in uk. In my opinion its them programs in the morning on bbc 1 ITV bumping up the cost of houses. "I bet estate agents love them programs in the morning" Also all my friends don’t want to live in a house anymore they go "well we do it up then move on and make a profit", I look at them daft saying why ?? you only just moved in!. Years ago people use to buy a house and live in it for the rest of there lives. then pass it on to there children. Maybe I don’t get British cutlery anymore and I’m only 27.
Why dont the government standardize house prices? The fall in house prices seems to be going down at an uncontrolled rate - nobody knows how much they will be worth in a year or two. So why cant the government just set the prices per square foot and hold them at that? Something is only as valuable as the price we have to pay for it surely?
is there going to be a big drop in house prices in northern ireland? i live in fermanagh and there are hundreds of new builds lying empty unable to sell even with the asking prices lowered.the council house we live in was £85,000 3years ago,but we were unable to buy then.last year it had jumped up to £140,000.if the houses are not selling ,they will have to drop in price.the council sells the house at the avarage price of a 3bedroom house in the area.
How much will house prices drop in the year 2011 in British Columbia, Canada? Talking about house prices in Vancouver, Richmond, Surrey, Langley, Delta, Burnaby, New Westminster, Abbotsford, Port Coquitlam/Coquitlam, Pitt Meadows, & Maple Ridge.
What will happen to house prices over the next 3-5 years? What with inflation going up, means Interest Rates going up is a certainty. If Interest Rates are up, then the cost of owning a home goes up. Is it possible for house prices to keep defying the odds and keep rising, or are we in for a major crash once all the cheap credit has dried up? I'd love to know your views, thanks!
Is the drop in house prices bottoming out ? Do you think, given the latest reports, that the housing market collapse is coming to an end, and that house prices will be more affordable to buy? I am talking mainly about UK prices
Which do you think are the most inflated, British egos or British house prices ? I mean, let's face it, house prices in this country are pretty high compared to average earnings. There again, Britain has a pretty high opinion of itself considering it's economy is fairly bankrupt, as are it's morals. We carry more personal debt than the rest of the EU put together, the highest teenage pregnancy and divorce rates, yet still have the temerity to tell other countries how to run their affairs. What a cheeky country we are !! Nice point andyg77.
Are house prices going to continue to drop this year 2009? I am thinking of selling then renting somewhere whilst prices keep falling. Then in a year or so buying a house that I wouldn't otherwise be able to afford if the prices are still coming down. Does anyone know if prices are still expected to fall this year and by how much?
How far will House prices fall in 2009? My opinion is that house prices have to drop back to AFFORDABLE levels. But what is affordable? Most sensible people feel it is unwise to borrow more than THREE TIMES your annual income when buying a house. Most people don't earn more than about £28,000 a year, which means their maximum borrowing shouldn't exceed £84,000. How many people have borrowed far in excess of that?
Should house prices be included in the rate of inflation? In days of old, the increase or decrease (yes youngsters they do go down as well as up) in house prices wasincluded in the overall published rate of inflation.In order to artificially keep the rate apparently low, housing cost was excluded from calculations. Clearly this is madness and I feel that housing cost should be re introduced into the inflation rate calculations. What do you think?
Why am i always hearing complaints about house prices going down? i am wondering why nearly every day i hear someone on the news talking about the housing Crisis and complaining about the falling house prices, i am stunned that people complain about houses becoming cheaper, i would of thought people would want them to be cheaper so that they could buy one, am i right in thinking that more people do not own houses than people that do? why are houses so expensive, is it because people buy them to invest in rather than buy them to live in?
To what extent has the credit crunch contributed to the fall in UK house prices? We all know that the credit crunch has banks to blame for because of giving out massive loans without making a proper risk assessment. But are the goverment as well to blame for the credit crunch if yes then why ? But mainly what i want to know is "To what extent has the credit crunch contributed to the fall in UK house prices" Thanks
Another big slide in the UK stock markets will this effect house prices even more? housing market here in northern Ireland have come to a halt, with interest rates having gone up, and house prices are set to take a tumble. with this slide in the stock markets could this make the housing market even worse. and if you can tell me have the house prices fallen in england , Scotland , and wales if so could you tell roughly by how much.
What would you do: sell the house or try and fix it or wait for prices to go up? Foolishly, about a month ago, I bought a house at full price that turns out to need major renovations. It probably needs to be totally gutted. The previous owners did their best to hide the problems and fooled me. Basically, the house is covered in cat urine. A male cat likes to spray high to mark his territory and he never went outside. As soon as you walk in you smell it. It's on the doors, closet doors, kitchen countertops, carpets, cupboard doors, walls, on the tiles and glass door in the shower. You can only see it with uv light. I am using natures miracle and plan to seal in the smell as best as I can with Kilz Original on the floors, doors and walls. But I am short of money to pay for the renovations. So I am thinking of selling and losing money on it. The prices of houses here have dropped a little so I won't get as much and there are plenty on the market. I could sit it out and wait for house prices to go up over time. But it's not a pleasant place to be right now
What accounts for the Increase in House Prices in NY? Over the past 10 years, I have seen many houses in Brooklyn, Queens, Bronx, Manhattan increase at a rate quicker than most other states. Some houses have increased 5-fold, or even tenfold. What accounts for the increase of real estate prices so quickly in NY?
will the house prices go down in the near future? is there any experts in the housing market that expect the house prices to fall in the near future? i live in deeside wales and the wages are terrible round here. 18500 coming into our household . to buy a 2 up 2 down terrace round here is about 115000 theres no way we could get a mortgage for that much.
How much % will UK average house prices fall in the crash? With the average UK house price being at around £180,000 at the moment. (I know £180,000 doesn't cover the very expensive areas.. it's just a national average) Ollie, the banks no longer have enough money to keep lending for as many transactions of £250,000 a time. There is not enough lending money to go around. That's why mortgages are harder to get and more expensive.
Are Nashville house prices steady or falling? Nashville's house prices didn't go way up like lots of other places and people are moving here. I can't tell if prices are falling. Houses are selling in normal times in my neighborhood most of the time and there aren't many on the market. The slow selling houses are on the high traffic streets. So I don't know what to think. Are house prices falling in Nashville?
Estate Agents How much do they infliuence house prices? My local estate agent in the Wirral has asked buyers not to place a low offer on a house but to meet the asking price or better it. Reasons he gives for this include that it shows commitment, gets the relationship off on a good footing. He says offering low also indicates that you dont have the money or dont really like the home. Personally I think the higher the price the higher his commission and less work for him. If we all followed his advice an average semi detached would cost £1million in five years! After all the average price of one now is unaffordable for millions! What do you think?
What do you think about the House prices? I think they are shocking and can't understand how young people can afford to establish themselves. I read that the average price on a house is £ 1,7 mill. Shouldn't anything be done about this? What about those who are single or dependent on one income? Sorry I meant £ 170,000
Average house prices in your neck of the woods? Just wondering what the median or mean price of homes are where you live. Let's say for a 3 bedroom 2 bathroom house in a decent neighborhood. Here in Hawaii it's about $620,000 so it's heartbreaking knowing that I won't be able to afford one anytime soon.
Will house prices in Australia drop in the next 12months? There has been a large number of investors who purchased mulitple rental properties. With increasing interest rates and a plateau of capital gains, will we see houses prices drop considerably as investors sell off their rental properties? On the otherside of the coin, with the share market 'wobbly' will investors hold on to their houses as a relatively stable investment - and continue to help keep demand high? Your thoughts and opinions?
Will house prices in Australia fall in the next 12months? There has been a large number of investors who purchased mulitple rental properties. With increasing interest rates and a plateau of capital gains, will we see houses prices drop considerably as investors sell off their rental properties? On the otherside of the coin, with the share market 'wobbly' will investors hold on to their houses as a relatively stable investment - and continue to help keep demand high? Your thoughts and opinions?
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